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’It was the cement’s fault
BP has published its internal investigation report into the Deepwater Horizon rig disaster in the Gulf of Mexico on 20 April 2010.
The conclusion?
Largely, that it was the well cement’s fault, and thus Halliburton’s a little bit,
Just a regular cement deal on Aim?
Aim, London’s junior market, just never disappoints when it comes to weird and wonderful corporate stories.
The latest concerns Prosperity Minerals, which owns an iron ore trading operation in China and stakes in several Chinese cement businesses.
China will crush overcapacity!
Here’s how FT Alphaville celebrates 60 years of Chinese Communist Party rule — with a bit more detail on the State Council of China’s mandate to curb industrial overcapacity, as announced on Tuesday.
From Exane BNP Paribas analysts Su Zhang and Arnaud Pinatel:
Chart of the Day, cement edition
Via The Oil Drum, here’s a “Pretty Stunning Graph of World Cement Production”.
As the Drum’s “Professor Goose” – aka Kyle Saunders, associate professor of political science at Colorado State University – notes: